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I'm thinking it still trades the same way on our end but I think it takes longer for buys or sells to go through as things are very different on the back end.
Not 100% sure but I think I've sold stock on the grey sheets before...no phone call necessary. I might be mistaken though...it may not have been grey sheeted yet when I'd sold it.
Ugh...I was hoping they would be the rare company that actually survives something like that, but that PR basically assured me that they are just another scam company.
Can't blame anyone but myself for my losses though...I've been burned on caveat emptor and stop sign stocks before and broke my vow to avoid them.
Lesson learned. lol
hahahaha, enjoy your holidays everybody!
If you read the order it states "because of questions concerning the accuracy and adequacy of publicly available information about the company since at least April 27, 2017"...
I understand that there is nothing that can be done to shorten or cancel the suspension. I also understand this will open on the grey sheets when the suspension is lifted.
I ALSO understand that how they address those questions will dictate whether they remain on the grey sheets until their eventual death or get re-listed and trade normally again.
Canadian?
I believe US exchanges close at 1pm EST Monday and will be closed on Tuesday. I'll be off on Tuesday...our house has the best view in town for Tuesday night's fireworks...our dogs aren't going to like it, but we will. lol
The only way this company is going to survive this is if they were actually being honest with these filings...if they were, it appears that they just need to provide the SEC with verifiable proof to satisfy all of their concerns.
Since most OTC companies are shady...especially one that's been dark for 7 years...odds are not in our favor that they were being honest and it's likely we've all lost a lot of money.
All we can hope for now is that they really were in the process of turning over a new leaf.
Yes, financially they are not in great shape...but they also acquired Cresent Construction this year which was speculated to generate $10 million in revenues this year. The next Q report should give us a peek into how they're performing as it will include financials from them rather than what's practically an empty shell.
I'll manage but this definitely just wiped out half my trading portfolio. I hope the CEO hangs for this.
These loan sharks don't care about fun, unfortunately...it's guaranteed money for them. Sucks.
Look on the bright side...that's less dilution we have to worry about when it actually runs.
I've never had enough money to day trade but does that rule apply to cash accounts or only margin?
Ahhh, yeah it seems like they're a bit more predictable compared to trading individual companies.
Dear lord...lol
Good to have you on our side at least. hahaha
I bought some yesterday...been watching it like a hawk so I don't miss out on a good sell opportunity lol
I started with NFLX...fairly predictable with plenty of movement during the day. Never lost money on it, though didn't always gain much.
AMD was a fun one but then it got really volatile after poor market reaction to their last earnings report and the false "confirmation" of a contract with Intel which they refused to address until the stock ran hard and tanked after Intel finally came out saying it was completely false.
You still in here or just waiting until the time is right to hop back in?
OTC: PGPM
Performed a corporate action before caveat emptor was removed...they've been getting filings current, hired an independent auditor, announced share buyback, and yesterday announced their shady CEO's resignation with a new replacement already voted in...sooo I'm hoping they use this two weeks to get their house cleaned up to the SEC's liking. Otherwise bye bye money. lol
VXX, ditto...lol
And one of the stocks I have $4k in just got halted this morning. Awesome.
"SCAM!"
"Why is it a scam?"
"Because I said it's a scam. SCAM!"
*brings up ancient history*
Pretty much how it goes...
Acquisition and Financing
On March 9, 2017, the Company, through a newly created special purpose entity, executed a share purchase agreement to acquire all outstanding ownership interests in Crescent Construction Company, Inc. a full service general contracting firm for total consideration of $1,800,000. The agreement requires a cash payment of $500,000 at closing plus a note payable for $1,300,000. The note carries interest of 6%, matures on March 31, 2022 and requires equal quarterly payments of $152,693.
As part of the transaction, the Company entered into a revolving credit facility to borrow up to $5,000,000 of which $1,500,000 as advanced to the Company upon closing. Of the $1,500,000 advanced to the Company, $631,855 was paid for the seller and financier’s closing costs resulting in net cash to the Company of $868,145. The credit line carries an interest rate of 12% per annum and requires repayment based on cash collected from clients which are required to be sent to a lockbox maintained by the financier of which the net receipts after required payments to the financier under the credit facility agreement will be provided to the Company. The Company also issued a total of 7,500,000 shares of series A convertible preferred stock to the financier as part of the transaction.
Daaaang...did you make money both directions or just on the way up?
Love the MM games...over 600k shares on the ask at .0039 and won't fill my little 30k share order at .0039...
Company never gave a timeframe.
Morning all... transferred money into my account today so I'll have to just sit and watch til next week when it settles. lol
Less than originally intended but my girlfriend has some cysts on her wrists I want her to get checked out and I decided to do a good deed and help give my trading buddy a little boost to his account since money is super tight with him but he's put forth so much effort learning all this stuff. Plus he got me into options trading. lol
Hope you all bought some $3 puts yesterday to go with your $4 calls...ouch.
Bad news drop?
Over 90% of companies, especially those in the OTC, who reverse split end up dropping to pre-reverse split levels shortly after.
There may be a small chance it wouldn't but I trust statistics and wouldn't want to chance it. Plus if they bought up and retired that much of the OS, there would be no need at all for an RS as the share structure would be very nice as is at around 300 million shares. A 1 for 10 RS would put the OS at 30 million shares. This thing would be extremely volatile to trade with only 30 million shares in the OS.
A buyback is plenty and doesn't have the failure rate of reverse splits.
Yeah, once you understand the basics like puts vs calls, strike prices, "in the money"/"out of the money", it's so much easier...and always gotta remember that prices listed are x100 per contract.
The greeks are complicated and they're still greek to me (pun intended) but for this purpose they're not crucial yo understand.
I do wish I had a calculator that could show me how the bid/ask on puts/calls changes with the share price. Also don't forget that many brokers will automatically exercise in the money contracts at expiration so make sure they're sold before market close or call your broker and arrange for them to expire. I wish they allowed you to set that as a default option.
Did you check out the links I posted on here when I first joined in? If not, I can PM them to you...or you can find em in a search. Very helpful videos in learning options
Just got paid for yearly lawn maintenance by one of my tenants...should have a new injection of money into my account once the check clears! w00t lol
GDX headed northbound...let's see if it gains some traction this time
I second everything you said...I'm losing some money but I also am seeing the mistakes I'm making and learning from them so I can start making it. Biggest issue I have now is all my cash is tied up in lotto plays and I'm stuck holding or selling for a loss. Trying to avoid the latter. lol
Darren Nellis
dn@hybridcoatingtech.com
Oleg Figovsky
of@hybridcoatingtech.com figovsky@gmail.com
Alex Trossman at@hybridcoatingtech.com
Joseph Kristul jk@hybridcoatingtech.com
Other email addresses
info@hybridcoatingtech.com
mv@hybridcoatingtech.com
SBFM...typed too slow. Looks to be faking out
SBFM, working on an STP I think...
Waiting on CCI and ADX(14) to confirm
http://www.stockcharts.com/c-sc/sc?s=SBFM&p=10&yr=0&mn=0&dy=2&i=p44048102399&a=531612742&r=1498667918794
This was out yesterday morning.
Dude...I did that with AMD recently. Had a bunch of calls I bought with unsettled funds...up 250% the next day, but couldn't sell. Ended up unloading for a 77% loss the next week...
Dude, it's the OTC...even the most legit companies' runs usually result in a massive crash at some point. Get in, make your money, get out. If you timed it all wrong or got too greedy, you might want to revise your strategies.
Hey all...go request PGPM @ Stockcharts.com
http://stockcharts.com/support/symbolrequest.html
GDX, just checked again...STP may complete this time! It's real close...
http://www.stockcharts.com/c-sc/sc?s[color=red][/color]=GDX&p=10&yr=0&mn=0&dy=2&i=p49652020243&a=531561993&r=1498590108220